Arax Advisory Partners Invests $20.73 Million in iShares Russell 2000 Value ETF $IWN

Arax Advisory Partners purchased a new position in iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 114,420 shares of the company’s stock, valued at approximately $20,734,000. Arax Advisory Partners owned about 0.18% of iShares Russell 2000 Value ETF at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vawter Financial Ltd. acquired a new stake in shares of iShares Russell 2000 Value ETF in the third quarter worth approximately $2,004,000. American Wealth Advisors LLC acquired a new position in iShares Russell 2000 Value ETF during the third quarter worth $598,000. Confluence Investment Management LLC acquired a new position in iShares Russell 2000 Value ETF during the fourth quarter worth $3,842,000. RPg Family Wealth Advisory LLC acquired a new position in iShares Russell 2000 Value ETF during the third quarter worth $1,672,000. Finally, Kelsey Financial LLC acquired a new position in iShares Russell 2000 Value ETF during the fourth quarter worth $2,789,000. 74.70% of the stock is owned by institutional investors and hedge funds.

iShares Russell 2000 Value ETF Stock Performance

NYSEARCA IWN opened at $218.33 on Friday. The stock’s fifty day moving average is $207.48 and its two-hundred day moving average is $196.45. The firm has a market capitalization of $14.10 billion, a P/E ratio of 14.35 and a beta of 1.02. iShares Russell 2000 Value ETF has a fifty-two week low of $152.07 and a fifty-two week high of $219.77.

About iShares Russell 2000 Value ETF

iShares Russell 2000 Value ETF, formerly Ishares Trust Russel 2000 (the Fund), formerly iShares Russell 2000 Value Index Fund, is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Value Index (the Index). The Index measures the performance of equity securities of Russell 2000 Index issuers with relatively lower price-to-book ratios and lower forecasted growth. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.